Ibstock Share Discussion Threads

[dunns_river_falls] 11/2/2021 17:02

Nice close there above that 220 mark. Volume not huge but higher on the up days, lower on the down is fine with me. Add that flagpole onto the current share price for a target of 270 initially. Seem fair? See how it plays out. GLA

[wad collector] 11/2/2021 12:35

No, nothing as vulgar as that on here , only want to hear about chart patterns.

[spooky] 11/2/2021 11:58

Does anyone have a handle on what may be happening to margins following the strong construction market, supply shortages, Brexit, sterling strength etc.

[dunns_river_falls] 11/2/2021 11:25

It's looking ok so far! Really feels primed for a breakout soon, close above that 220 and some good volume would give me some confidence!

[jonojubb] 11/2/2021 09:56

More price teasing, slowly getting there but did well holding up yesterday, I thought

[dunns_river_falls] 09/2/2021 17:34

I have been tracking this one for a few weeks, just based on the chart. Finally jumped on this afternoon. Probably jinxed it, but let's see!

[sphere25] 09/2/2021 16:55

No problem Jonojubb. I post across various shares when there is something notable happening. The movements here have been interesting.

Prices are fluid and you can never be sure from day to day how market participants will behave. Sometimes you can have a strong move one day and the next it's a different picture.

I mean, take IBST....

You ask for a close above 220p and it goes and closes at 219.8p! You can't make this stuff up at times ha

Talk about a proper price tease. I guess it is a form of a bullish move even though an unconvincing one. Hang in there and hopefully we can move to a nice breakout.

There is no movement on the shorting front by Merrian on the disclosures just out now.

That's all for now.

All imo
DYOR

[jonojubb] 09/2/2021 14:24

Keep those insights coming Sphere25, really enjoy reading, trying to understand but learning something new so thank you

[sphere25] 09/2/2021 13:09

We know Merian have been sat at the resistance levels feeding shorts in. Hard to say who else might be feeding in there under the 0.5% disclosable threshold. It would be hard to believe there will be significant short interest in IBST. unlike topical examples out there recently, but it seems quite a challenge to buy through any shorts and the sellers at the resistance levels atm.

Price is once more bang on that breakout point and having a go but it falls over every time. It goes back down a few pence and then comes back up to have another go. Peculiar movements in such a bullish market. I'd have expected IBST to have broken out by now. It is an enormous price tease!

Furthermore, there was a 1.16m buy at 217.8p yesterday at 15:00. That is a significant chunk to take on a single trade for IBST and yet that wall of resistance is still being a challenge.

I think we need a firm close above 220p here to signal a breakout. Once you have shorts at play, it does become a great deal trickier to read the price movements.

All imo
DYOR

[jonojubb] 09/2/2021 12:12

Hoping this will beat that benchmark resistance and not fall back down. I agree this is worth £3+ just thought that recent update would have provided us with a breakout

[sphere25] 05/2/2021 14:04

Key resistance test coming up again. Later realised, that on the day of the bullish update, there were shorts being fed into the market to help prevent the breakout. Merian have been feeding shorts in so that will have had an influence on those algos selling around the resistance. Whether it was the critical factor is open to debate.

A tad miffed at feeding shorts in here. Out of all the shares and all kinds of lofty valuations, pick the one that isn't on an excessive rating (imo) and carries bullish recovery potential? Huh!!?!

It looks like they have been feeding shorts in quite a few recently so perhaps it was a hedge against the US correcting or maybe they think the top of the market is close and to continue averaging into shorts?

I don't know, odd move in something like IBST when so many others like TRN are on the table for shorts. We are told that more than 90% of funds fall down when it comes to beating a basic benchmark.

Wonder if they will keep feeding more in here and across the board.

All imo
DYOR

[jonojubb] 28/1/2021 14:18

Im about breakeven at this point as cashflow didnt let me get in sooner but wandering when is a good price to load up again

[sphere25] 22/1/2021 13:18

Failed breakout and back into a range it is then. A few of these about now with sellers coming in at recent highs preventing a push higher. Suspect prices will eventually move higher post some random shorter term moves and hopefully a wider market correction in Q1 so we can load up :-)

Clearly IBST need another upgrade to convince the market - suspect that will follow. It will be hard to not crack that recent high then!

Let's see how it goes.

All imo
DYOR

[bunz3] 21/1/2021 15:41

that video now on ggp share board , a good example for other shares

[yump] 21/1/2021 13:07

I'm not buying yet. 50mln EBITDA is less than half the previous year. That's before any exceptionals and the share price is 2/3 of what it was.

Depends how long it will take to get back to normality and that's an unknown at present going into this year.

[jonojubb] 21/1/2021 12:09

Thanks for sharing your insight Sphere25

[sphere25] 21/1/2021 10:58

Started well with strong volume and some big blocks being mopped up early. Institutional bid algos are all over this early on. We're through some key levels here with the price nearly up 10% at 216p and headed for auction.

217p is the last key level to go.

It would be nice to get the breakout today because there is a blue sky breakout and a big gap up on the chart based on the rating catching up with the normalising fundamentals.

It's clearly all about the close. Over to the institutions to decide!

All imo
DYOR

[daneswooddynamo] 21/1/2021 09:57

Nipped in for a top up at the opening, looks well supported now at 2 quid and plenty of ground to make up given it came down from 3 quid pre COVID

[sphere25] 21/1/2021 08:21

This looks like value in a market where it is hard to find value. Usually farts about in a tight range at these levels but looking for a breakout above recent highs at some point.

All imo
DYOR

[yump] 19/1/2021 12:19

Presumably there's a risk of house prices dropping over the next few years, but would that affect housebuilding numbers, seeing as we are way short of them ?

I've been having a look for recovery stocks and Ibstock popped up.

[edmundshaw] 19/1/2021 12:05

The gap in price between FORT and Ibstock seems to have got rather wide.

Is there any reason why Ibstock should not have the same benefits from a housebuilding boom as Forterra? Anyway, the gap has widened from 16% to 31% on no news... strange... I suppose it might have been instigated by the buybacks for the FORT pension fund, but that would only happen due to some fairly unfocused investors...

In fact, even stranger, in December the gap NARROWED to only around 7%.

[wad collector] 29/12/2020 12:29

Don't suppose many bricks being laid today but good to see the year end share price looks like will hold above £2.

[scruff1] 24/12/2020 13:33

Anyone know the reason for the last minute fall?

[wad collector] 01/12/2020 20:49

Looking at the company website I am not clear how many facilities are running at close to full capacity now.
However the TU said ;

Both our Clay and Concrete businesses benefited from these improving conditions, with overall Group volumes recovering to around 90% of prior year levels in the month of September and remaining at these levels during the month of October. Group revenues for the three months to 30 September 2020 were 88% of those in the comparative prior year period.

[indigocarmine] 23/11/2020 10:55

I guess it would logically follow that if all the housebuilders are busy then Ibstock should be even busier, though ultimately capacity will be a limiting factor to their recovery.